Financial Information

When selling your home, there are a number of financial considerations to be aware of.
These costs will come out of the sale price, so it is wise to be prepared for them.

Commissions

Real estate professionals spend a lot of time, money, and skill throughout the process of selling your home. They are compensated for their work through commissions. In British Columbia there are no set commission rates. The rates your REALTOR® charges will be discussed when signing the listing agreement.

Estimated Amount to Plan For: A certain % of the purchase price on the first $100,000 + an additional % of the purchase price on the remaining amount

Mortgage Discharge Fees by the Lender

If you are ending your mortgage before the end of the mortgage term,

there may be fees and/or penalties owed from you to the lender. To end

a variable mortgage, lenders typically charge 3 months of interest plus a penalty. To end a fixed mortgage, the penalty can be quite steep. It's

always best to speak to your lender to find out exactly how much the penalty is, and if it ends up being significant, it may be worthwhile to see if your lender

will allow you to transfer the mortgage to a new property for a smaller fee.

Fees, Disbursements & Adjustments

The fees charged by a notary or lawyer covers the cost of discharging the title for the property and the mortgage, and to ensure that anything

you've pre-paid beyond the adjustment date is returned to you. The notary or lawyer will also ensure that utilities and other services are up to date

in payments. Disbursements are expenses that your notary or lawyer incurs on your behalf in order to facilitate the purchase or sale of your home.

Estimated Amount to Plan For: $1,200 - $1,400

Adjustments are usually made in line with the possession date, and are reimbursements to you, the seller, for
costs you may already have paid beyond the adjustment date, such as strata fees, utilities, city & property taxes.
Estimated Amount to Plan For: Will vary

Leaving Behind Your Old Home

Selling your home can be an emotional experience. It can also be a fulfilling one. You may be leaving behind a

home full of memories, but you will also be moving on to a new home where you will create even greater memories!

Ready to make your move? Contact Irfan Today!

The information on this website is not intended to cause or induce breach of an existing agency agreement.

The information on this website is from sources deemed to be reliable but should not be relied upon without verification. The information comes from multiple sources, and those sources reserve the right to change the terms of their offering's at any time. Irfan Keshavjee & www.irfankeshavjee.com as well as RE/MAX Crest Realty accepts no responsibility for its accuracy and are not liable for any errors & omissions. View the Privacy Policy for more information.

"The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of the CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA."

The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale, and lease of real estate as part of a cooperative selling system.

RE/MAX Crest Realty Burnaby *Each Office Independently Owned and Operated*

Financial Information

Selling Your Home | The Selling Process | Marketing | Irfan's Service | Financial Information | Free Home Evaluation

When selling your home, there are a number of financial considerations to be aware of.
These costs will come out of the sale price, so it is wise to be prepared for them.

Commissions

Mortgage Discharge Fees by the Lender

Fees, Disbursements & Adjustments

Adjustments are usually made in line with the possession date, and are reimbursements to you, the seller, for
costs you may already have paid beyond the adjustment date, such as strata fees, utilities, city & property taxes.
Estimated Amount to Plan For: Will vary

Leaving Behind Your Old Home

Please fill out the form below

Irfan Keshavjee

Get In Touch

Office Info

Stay Connected

Financial Information

Selling Your Home | The Selling Process | Marketing | Irfan's Service | Financial Information | Free Home Evaluation

When selling your home, there are a number of financial considerations to be aware of. These costs will come out of the sale price, so it is wise to be prepared for them.

Commissions

Mortgage Discharge Fees by the Lender

Fees, Disbursements & Adjustments

Adjustments are usually made in line with the possession date, and are reimbursements to you, the seller, for costs you may already have paid beyond the adjustment date, such as strata fees, utilities, city & property taxes.Estimated Amount to Plan For: Will vary

Leaving Behind Your Old Home

Please fill out the form below

Irfan Keshavjee

Subscribe to stay connected with the latest market updates!

Get In Touch

Office Info

Stay Connected

When selling your home, there are a number of financial considerations to be aware of.
These costs will come out of the sale price, so it is wise to be prepared for them.

Adjustments are usually made in line with the possession date, and are reimbursements to you, the seller, for
costs you may already have paid beyond the adjustment date, such as strata fees, utilities, city & property taxes.
Estimated Amount to Plan For: Will vary